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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
Loans to Small Businesses
Total Project Financing
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans funded in April 2020 ranged from $99,000 to $557,000 and provided assistance to businesses located in Marion, South Harwich, Middleton and North Andover, MA, as well as Pawtucket, RI. The projects will contribute to the creation of 7 Jobs.
Loans funded in March 2020 ranged from $15,000 to $589,000 and provided assistance to businesses located in Gloucester, Westford, Dracut, South Easton, Reading, Merrimac and Hingham, MA as well as North Kingstown, Bristol and East Providence, RI. The projects will contribute to the creation of 17 Jobs.
Loans funded in February 2020 ranged from $25,000 to $969,000 and provided assistance to businesses located in Sheffield, Methuen, Norwood, Brockton, Danvers, Milford, Acton, Wayland, Lowell & Dedham, MA, as well as Epsom and Nashua NH. The projects will contribute to the creation of 36 Jobs.